Last summer, Chase started offering jumbos with credit scores as low as 680 and downpayments as small as 15 percent. Previously, the bank required credit scores of at least 720 and 20 percent down…

Nonbanks primarily need to worry about being examined for lending, but the CFPB has its ears open to servicing complaints as well…

So, who will mortgage professionals vote for come the fall election? Trump or Clinton?

Jumbo mortgages accounted for 20.3 percent of total first-lien originations in the first quarter of 2016, according to estimates by Inside Nonconforming Markets. While jumbo production declined slightly in the first quarter compared with the previous period, overall originations posted a steeper drop. An estimated $77.0 billion in jumbos were originated in the first quarter of 2016, down 1.3 percent from the previous quarter and up by 6.9 percent compared with ... [Includes one data chart]

The groups stress that the conservatorships were intended to be a short-term measure to keep the GSEs solvent…

At $1.661 trillion, it’s a new record in terms of banks and MBS holdings…

The OIG’s investigations also include matters tied to loan origination and short sale fraud and even REO…

First-time buyers tend to target homes with lower prices, which have been in particularly short supply recently.

Helpful CFPB mortgage audit tip: Set aside a parking space for the visiting CFPB examiner(s) that says, “Welcome, CFPB…”

Portfolio lending remains a more viable option than securitization for lenders in the non-agency mortgage market in part because of the depth and variety of funding sources that allow them to offer a wide range of products. Depository institutions rely heavily on low-cost retail deposits to fund their retained mortgage portfolios, according to panelists speaking at the Mortgage Bankers Association secondary market conference in New York this week. A typical customer of ...